The distinction between being in the ‘one per cent’ and being ‘wealthy’ is more than just semantics

“The bridging of the balance sheet concept of wealth, or net worth, with the income statement idea of cash flow is tax policy with egalitarian goals built on the idea that governments can measure wealth. The evidence is that they do not do it well.” – The distinction between being in the ‘one per cent’ and being ‘wealthy’ is more than just semantics

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